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S&P 500 Hits Record High
The S&P 500 hit a record high of 7,835, surpassing $71 trillion market cap for the first time.
Key points
- The S&P 500 hit a new all-time high of 7,835 and surpassed a $71 trillion market cap for the first time, per @WatcherGuru.
- @KobeissiLetter said the S&P 500 is now worth a record $71.3 trillion, up +24% from its March 30th low, pushing the total US stock market cap above $82 trillion.
- @KobeissiLetter also said S&P 500 futures rose to their highest level on record, and the index closed at its highest level on record, adding +$13.5 trillion in market cap since its March 30th bottom.
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Kobeissi Letter says the S&P 500 is worth a record $71.3 trillion, up 24% from its March 30 low, pushing total US market cap above $82 trillion.
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S&P 500 futures hit a record high, pushing the index's market cap above $71 trillion.
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The S&P 500 closed at its highest level on record, adding $13.5 trillion in market cap since its March 30 bottom.
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Top replies on X
Reaction on X: Replies are mostly skeptical or joking: some call it "another ATH" and ask when it will stop, while one says the rise is easy when inflation is closer to 15%. One reply notes the over $71 trillion figure is more than half of global GDP.
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From @thetoadmeme_, @mudface330, @zedryaz and others. Spam removed, with English and Chinese translations.
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